About TenQ

What it is

Every company we cover gets one report. Six chapters, 36 pass or fail checks, around thirty charts, a plain-English takeaway under each one, and a chart-free fact sheet if you only want the figures. There is nothing to sign up for and nothing behind a paywall.

Coverage is 201 US companies today and grows deliberately rather than automatically: each one is added only once its filings parse cleanly and its description is written by hand.

Where the numbers come from

Financial statements are computed from SEC EDGAR's XBRL data, which is the same set of figures a company's own executives sign off. Nothing is estimated and nothing is filled in: where a company has not tagged a figure, the report says so instead of guessing. Every chart names the filing behind it and the date it was filed.

Share prices are delayed and end-of-day, not live, and they refresh once each trading night. Anything that is neither a filing nor a price names its own source on the card that shows it.

How the score works

Each company is measured on six axes: Value, Growth, Quality, Health, Shareholder returns, Trend analysis. Each axis asks six questions with a yes or no answer, so a score is a count of checks passed out of 36 rather than a rating anybody assigned.

Every check shows the figure it used and the threshold it was compared against. That matters more than the total: you can disagree with a threshold, see exactly which check it changes, and still rely on the number underneath it. The same filings always produce the same score, because the rules are fixed and applied identically to every company.

What it is not

• Not advice. No ratings, no price targets, no buy or sell calls, and nothing personalised to you.
• Not a forecast. Every figure describes something that has already been filed or already traded.
• Not a screener that hides its workings. If a check passes, the page shows you why.
• Not complete. Six axes and thirty-six checks are a starting point for reading the filings, not a substitute for reading them.

Independence

TenQ is independent. It is not owned by, paid by, or affiliated with any company it covers, or with any broker, fund, issuer or data vendor. No company can pay to be covered, to be scored differently, or to be left out. The site is free to read and is funded by advertising, which is sold and placed without reference to what any report says.

Who we are

TenQ is built by a small group of private investors. Not licensed advisers, not a media company: people who have spent years reading filings for their own money, and who got tired of the fact that the tools which make that easy are priced for institutions.

We think investing is one of the few things an ordinary person can do that changes the shape of their family's life, and that the gap between people who can read a set of accounts and people who cannot is mostly a gap in access rather than ability. Closing a little of it is the point of this site. We would rather every retail investor did well than hold an edge over them, which is why the reports are free, why nothing is held back for a paid tier, and why every check shows its workings instead of handing you a rating.

There is still a person at the other end. Write to hello@tenq.co and you will get a reply from one.

Corrections

If a figure looks wrong, it might be. Send the ticker and the chart to hello@tenq.co and we will either fix it or show you the filing it came from. Corrections to a company's numbers are made at the source and flow through every page that uses them.